Vietnam Airlines downgrades yearly profit forecast

Vietnam Airlines 777-200. By Rob Finlayson
Vietnam Airlines (VN) has downgraded its profit forecast for the year as it deals with more competition.
The airline has asked the Ministry of Transport to adjust its business targets due to business difficulties during the first seven months of the year, Vietnam News Agency has reported.
“The airline blames fierce competition from newcomer low-cost carrier VietJet Air as one of the reasons for the missed targets due to a loss of ...

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